Good evening :)

List of Debt-Free Stocks in India (2025)

Debt-free stocks are those of companies that do not have outstanding long-term debt. It means these companies do not rely on borrowed capital and fund their operations through internal resources.

Top Debt Free Stocks in 2025

Debt Free Stocks Screener

List of Debt free stocks listed in NSE.

Created by

@tickertapetickertape

Showing 1 - 20 of 721 results

last updated at 6:30 AM IST 
NameStocks (721)↓↓Sub-SectorSub-Sector↓↓Market CapMarket Cap↓↓Close PriceClose Price↓↓Total DebtTotal Debt↓↓1D Return1D Return↓↓1M Return1M Return↓↓6M Return6M Return↓↓1Y Return1Y Return↓↓PE RatioPE Ratio↓↓PB RatioPB Ratio↓↓Return on EquityReturn on Equity↓↓ROCEROCE↓↓Dividend YieldDiv Yield↓
1.Life Insurance Corporation Of IndiaLICIInsuranceInsurance5,49,041.435,49,041.43876.65876.650.000.000.990.99-5.85-5.85-8.04-8.04-9.75-9.7511.3611.364.314.3145.9345.931.001.001.381.38
2.SBI Life Insurance Company LtdSBILIFEInsuranceInsurance1,97,813.681,97,813.682,002.902,002.900.000.001.531.530.150.1512.7812.7837.8837.8881.9781.9711.6511.6515.1315.130.600.600.140.14
3.Tata Motors LtdTMCVTrucks & BusesTrucks & Buses1,32,711.221,32,711.22356.45356.450.000.00-1.10-1.106.446.448.208.208.208.20-16,58,890.28-16,58,890.2866,35,561.1366,35,561.13---400.00-400.00--
4.BSE LtdBSEStock Exchanges & RatingsStock Exchanges & Ratings1,12,052.051,12,052.052,765.002,765.000.020.020.510.518.108.10-1.15-1.1581.4381.4384.5184.5124.4924.4933.0233.0231.1731.170.280.28
5.HDFC Asset Management Company LtdHDFCAMCAsset ManagementAsset Management1,11,197.451,11,197.452,596.002,596.000.000.00-0.01-0.01-4.21-4.219.559.5519.0119.0145.2045.2013.6813.6832.3632.3639.3939.391.731.73
6.ICICI Lombard General Insurance Company LtdICICIGIInsuranceInsurance98,220.8498,220.841,983.001,983.000.000.000.540.54-2.26-2.265.855.851.651.6539.1639.166.786.7818.8018.8022.1722.170.630.63
7.General Insurance Corporation of IndiaGICREInsuranceInsurance67,772.4767,772.47384.40384.400.000.00-0.49-0.492.052.05-3.62-3.62-6.65-6.659.129.121.101.1012.7312.7310.2510.252.592.59
8.Tata Investment Corporation LtdTATAINVESTAsset ManagementAsset Management36,625.9336,625.93715.50715.500.000.00-1.16-1.16-8.99-8.998.058.054.484.48117.36117.361.181.181.021.021.061.060.370.37
9.ZF Commercial Vehicle Control Systems India LtdZFCVINDIAAuto PartsAuto Parts28,047.3728,047.3714,865.0014,865.000.000.000.530.5317.3417.3410.0910.0918.3718.3760.8860.888.738.7315.3515.3518.6618.660.130.13
10.New India Assurance Company LtdNIACLInsuranceInsurance27,196.9427,196.94163.34163.340.000.00-1.02-1.02-10.26-10.26-12.04-12.04-20.03-20.0326.2426.240.940.943.613.612.312.311.091.09
11.Gillette India LtdGILLETTEFMCG - Personal ProductsFMCG - Personal Products27,150.0027,150.008,535.008,535.000.050.052.442.44-6.42-6.42-14.20-14.20-12.84-12.8465.0165.0126.5426.5441.8841.8849.5449.541.341.34
12.JSW Holdings LtdJSWHLAsset ManagementAsset Management24,510.1324,510.1321,025.0021,025.000.000.00-4.80-4.8029.7529.75-6.66-6.6641.4641.46125.16125.160.780.780.690.690.660.66--
13.Maharashtra Scooters LtdMAHSCOOTERTwo WheelersTwo Wheelers16,512.0016,512.0014,461.0014,461.000.000.000.090.09-4.57-4.577.997.9951.1651.1677.0377.030.540.540.740.740.620.621.181.18
14.LMW LtdLMWIndustrial MachineryIndustrial Machinery16,081.1216,081.1215,076.0015,076.000.000.000.150.15-5.00-5.00-8.91-8.91-9.91-9.91156.72156.725.795.793.743.745.045.040.200.20
15.UTI Asset Management Company LtdUTIAMCAsset ManagementAsset Management14,517.8014,517.801,144.201,144.200.000.001.131.13-8.48-8.48-0.95-0.95-12.33-12.3319.8519.852.812.8114.4414.4420.1220.124.234.23
16.Canara HSBC Life Insurance Company LtdCANHLIFEInsuranceInsurance11,579.5511,579.55121.06121.060.000.00-0.68-0.680.690.698.658.658.658.6599.0099.007.637.637.977.970.310.310.330.33
17.Garware Hi-Tech Films LtdGRWRHITECHCommodity ChemicalsCommodity Chemicals8,944.018,944.013,690.203,690.200.000.00-4.15-4.1511.1711.17-20.75-20.75-28.24-28.2427.0027.003.773.7715.0015.0018.6618.660.310.31
18.Maharashtra Seamless LtdMAHSEAMLESBuilding Products - PipesBuilding Products - Pipes7,503.967,503.96572.45572.450.100.102.222.22-3.31-3.31-14.62-14.62-14.02-14.029.659.651.181.1812.8812.8814.8314.831.791.79
19.ELANTAS Beck India LtdELANTASElectrical Components & EquipmentsElectrical Components & Equipments7,285.267,285.269,248.459,248.450.000.000.640.64-3.87-3.87-6.52-6.52-29.00-29.0052.2052.208.408.4017.4617.4620.6320.630.080.08
20.Moil LtdMOILMining - ManganeseMining - Manganese6,736.386,736.38327.30327.300.000.00-1.13-1.13-10.24-10.24-11.13-11.13-4.55-4.5517.6517.652.552.5514.9914.9917.5617.561.701.70
Edit Filters

Analyse Debt Free Stocks Further

Visit 'Debt Free Stocks' FurtherScreener

Disclaimer: Please note that the above table is for informational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Stock Screener and is subject to real-time updates.

Selection criteria: Total Debt : Low, and is sorted based market cap.

Overview of Debt Free Stocks

Life Insurance Corporation Of India

LIC is India's biggest life insurance company. It offers a variety of products such as life insurance, pension plans, and investment options, helping people secure their future.

SBI Life Insurance Company Ltd

SBI Life, a part of State Bank of India, provides life insurance products, including protection, wealth, and retirement plans. It serves both individuals and businesses across India.

HDFC Asset Management Company Ltd

HDFC Asset Management manages mutual funds in India, offering products like equity, debt, and hybrid funds. The company helps investors grow their wealth by professionally managing their investments.

ICICI Lombard General Insurance Company Ltd

ICICI Lombard is a major general insurance company in India. It offers products like health, motor, travel, and home insurance, focusing on customer-friendly services.

General Insurance Corporation of India

GIC is India’s leading reinsurance company. It provides reinsurance solutions to help other insurance companies manage their risks in sectors like life, health, and property.

What are Debt Free Stocks?

Debt Free stocks in India are shares of companies that have no long-term debt recorded on their balance sheet. These companies rely on their own profits, reserves, or equity capital to fund operations and expansion instead of borrowing money.

How to Invest in Top Debt Free Stocks in India?

Investing in the debt free stocks using Tickertape is a straightforward process. Tickertape is a powerful stock analysis and screening tool that helps you make informed investment decisions. Here’s how you can use Tickertape to invest in the top debt free stocks:

  1. Sign Up and Log In: You can create an account on the Tickertape or log in if you already have one.
    2. 

  2. Search for debt free stocks: Go to Tickertape Stock Screener and search for debt free stocks.
    3. 

  3. Use Filters: You can apply over 200 filters to get stocks sorted based on criteria like market cap, P/E ratio, or dividend yield. You can create your own custom filter if your preferred parameters are not available. This can help you narrow down the best debt free stocks in India.
    4. 

  4. Analyse Stock Data: Tickertape provides comprehensive data on each stock, including financials, performance metrics, future projections, red flags, and more. You can review this data to assess each company’s health and potential in depth.
    5. 

  5. Add to Watchlist: You may keep track of potential investments by adding them to your watchlist.
    6. 

  6. Invest Through Your Broker: Once you’ve identified the top debt free stocks that align with your investment thesis, you can place a buy order through your brokerage account linked to Tickertape.
    7. 


You can stay updated with each of your favourite stocks’ alerts and announcements with Tickertape Alerts. Further, you can analyse your overall portfolio and potential red flags in it by connecting it to Tickertape. Check out detailed analysis of your portfolio now!

Advantages of Investing in Debt Free Stocks

No Debt Burden

Debt-free companies do not have to worry about paying interest on loans, reducing their financial burden. This makes them less vulnerable to economic downturns or rising interest rates.

Sustained Operations

These companies usually have a strong financial position with high cash reserves. This allow these companies to fund their operations and growth through their own profits, which shows that they are financially stable.

Growth Flexibility

Debt-free companies have more freedom to explore various growth options, including expansion into new markets, diversification into other industries, or investing in innovative projects without the burden of debt.

Install the Tickertape app and enjoy a more hands-on investing experience
  • portfolio-iconReceive real-time market alerts for timely decisions
  • portfolio-iconMonitor your portfolio from the palm of your hands
  • portfolio-iconWatchlist stocks and mutual funds to stay updated
Download Now

Risks of Investing in Debt Free Stocks

Conservative Growth Strategy

Debt-free companies often rely on their internal resources for growth, which can be slower compared to companies that use debt to finance expansion. As a result, their growth might be limited in fast-growing industries or competitive markets.

Missed Strategic Investments

Debt-free companies may hesitate to take on debt even when it could be strategically beneficial. This can result in missed opportunities to invest in new technologies, acquisitions, or expansions that could drive future growth.

Lack of Aggressive Expansion

In high-growth sectors, such as technology or renewable energy, companies that don’t leverage debt may struggle to keep up with competitors who can use borrowed capital to fund aggressive expansion or R&D.

Factors to Consider Before Investing in Debt Free Stocks

Profitability and Cash Flow

Without debt obligations, the company relies on its ability to generate strong cash flows to fund its operations and growth. Evaluating the company’s historical profitability and cash flow management can provide insight into its financial health.

Industry Dynamics

Some industries, such as technology or infrastructure, may require significant investment to stay competitive. If a debt-free company is operating in such a sector, it may face limitations on how quickly it can scale.

Business Model

The business model of a debt-free company is often based on organic growth. Understanding how the company plans to grow without debt can provide a clearer picture of its long-term prospects.

Competitive Advantage

Debt-free companies must maintain a strong competitive edge to succeed without the additional resources that come with leveraging debt. It is important to evaluate whether the company can continue to compete effectively without taking on debt.

Market Conditions

The broader market conditions can have a significant impact on a debt-free company’s performance. Market fluctuations, interest rates, and investor sentiment can affect stock prices and company valuation.

Conclusion

Debt-free stocks in India promise financial stability, lower risk, and steady growth, making them attractive for conservative investors. However, their slower growth and limited ability to scale quickly in competitive industries pose potential risks. That's why it's important to look beyond just the debt-free aspect and analyse the stock based on other parameters as well. Investors can use the Tickertape Stock Screener, with over 200 filters, to help analyse stocks across various performance metrics.

Popular Stock Collections

Popular Mutual Fund Collections

Frequently Asked Questions on Debt Free Stocks

  1. What are debt free stocks?

    Debt-free stocks belong to companies with zero debt obligations. Such firms are financially stable, less exposed to interest rate fluctuations, and rely on internal funds for growth. They are generally safer investments but may pursue conservative growth strategies.

  2. How to invest in debt free stocks?

    Here’s how you can invest in Debt Free Stocks -
    1. Go to the Tickertape Stock Screener
    2. Select the "Debt Free Stocks".
    3. From the Debt Free Stocks, analyse and sort the Debt Free Stocks using over 200+ filters - including valuation ratios, financials, technical indicators, and more - based on your investment thesis.
    4. Review the filtered list, and identify stocks that best align with your risk appetite, return expectations, and investment goals.
    5. Once you've shortlisted the stocks, click ‘Place Order’ to invest in your preferred Debt Free Stocks.

    Disclaimer: Please do your own research or consult your financial advisor before investing.

  3. How to choose debt free stocks for investing?

    Debt-free companies are typically studied for their financial independence, ability to self-fund growth, and resilience to interest rate changes. Analysts often examine free cash flow, ROE, and profitability alongside zero debt. While considered financially stable, debt-free companies may also adopt conservative strategies affecting expansion pace.

    Disclaimer: Please note that this is not a recommendation. Please do your own research or consult your financial advisor before investing.

  4. Do debt free stocks offer regular dividends?

    Debt-free companies may have stronger cash positions, which can support regular dividends. However, dividend practices vary based on management’s choice to reinvest profits, expand operations, or return wealth to shareholders. Zero debt alone does not guarantee consistent payouts.

    Disclaimer: This is only for educational purposes as the latest data is derived from Tickertape Stock Screener.

  5. What are the factors affecting debt free stocks prices?

    Debt-free stocks are influenced by operational performance, profitability, and reinvestment strategies. Their financial independence can boost investor confidence, but broader economic factors, sector conditions, and growth opportunities also play critical roles in shaping stock price movements over time.

    Disclaimer: Please note that this is not a recommendation. Please do your own research or consult your financial advisor before investing.

Disclaimer: This article is for informational purposes only. The content of the article including securities/investment products mentioned if any, should not in any manner be construed as an investment advice, recommendation, offer, solicitation to buy/hold/sell any securities/investment products. The securities quoted if any, are for illustration only and are not recommendatory. Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered financial advisor before investing.